Current bid is at 17BTC.

To answer questions in PM, it's currently located Louisiana, US.  I'll take pictures of it tonight and post on this thread.  Also, PSU is not included.

Looking to sell my Avalon Batch 3 device.  Getting out of mining and looking to sell my device.  Can provide any pictures you may want.  Price is open to negotiation.  I can ship anywhere with signature requirement.  Have all the original packaging (even the bubble wrap).  Reply or PM if interested.  Would like to use escrow services for the transaction.

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Awesome.  Thanks man

Is it possible to run a rig using only PCI-E 1x -> 16x risers only?  I have 16x -> 16x shipping but I have 1x -> 16x right now.  Will I be able to run the rig using only the pci-e 1x slots??

Ah thanks.  That was perfect.

Yeah, I'd probably wait for a review or a writeup proving their effectiveness before putting up cash to experiment.  I'm waiting for my schedule to die down to build a dedicated mining machine.

Something along those lines.  I don't quite fully grasp exactly what the miners are doing.  I think they are trying to guess the encryption of the next block in the blockchain and the miner that guesses correctly is rewarded 25 BTC.  That's why you always see remarks like "(if you're lucky)" when talking about mining. 

Anyone else care to take a stab at this explanation?  I don't think I did it justice.

User btc-e.com to get spot rates for LTC.  They also do BTC/LTC conversions.

As for ASICs, your best bet is to wait for another Avalon batch as they're the only people actually shipping ASICs.  Building one yourself will take some type of electrical and software engineering know-how since ASICminer, BFL, and Avalon are basically making these computers from scratch for the very specific purpose of mining.  The technology isn't as refined nor has the history of say GPUs for example.

EDIT - Meant to say Avalon is the only company shipping ASICs right now.  I don't think BFL is a scam but you can tell they are not ran by a business savvy person and they don't have their shit together on the business side.  I'm imagining it's a bunch of geeks getting together to capitalize on a business opportunity.

The effectiveness of your hash rate is relative to everyone else mining.  CPU's pale in comparison to GPU's which pale in comparison to ASICs.  For CPUs to be viable again, you'd need to see a very significant decrease in overall hash rates.

Wouldn't we see a lot of the GPU miners go to other cryptocurrencies (LTC)?  That's what I'm suspecting.  Once the ASICs are all up and running the BTC network, a lot of GPU miners will be left with a shit load of hardware so I'd suspect the difficulties of the altcoins to shoot up over the course of 2013.  Barring any critical failure of BTC of course.  It's either that or the emergence of gaming cafe's popping up everywhere.  

Even though the Fed isn't technically the government, if the government wanted to end the BTC ride, they would just use legislation to go after the exchanges and/or users - i.e. labeling users enemy combatants/terrorist and the exchanges as money launderers.  They wouldn't have to use economics to crush BTC at least for Americans.  Nothing is to stop other governments from doing the same and the scenario isn't ruled out right now since there is still a lot of progress to be made in terms of public adoption.

Ah thanks.  I was wondering about that.  I'll probably shut down the CPU mining and see if I can squeeze more speed out of the GPU to make up for it.

The seeds probably aren't illegal.  But hey, if they are you can always eat them!  They're insanely nutritious 

 http://www.healing-source.com/about_HempHearts_b.htm

I thought this would have come up already, but a search didn't bring up a topic on this.  Are there any disadvantages to CPU and GPU mining on the same rig?  My CPU is pretty idle when just GPU mining so I started cpu mining as well.  Am I robbing myself of precious Mh/s by doing this?  My GPU didn't take a hit but I haven't found optimal settings for my hardware yet.

Is there a place we can see the current queue for gox verification?  When I did it 4 weeks ago, I started at something like 2000.  But I've heard it gotten as high as 8000.  Any place we can see what the current queue is?  Save for making a new account of course.

This is ludicrous.  I had to wait 2-3 days for a wire transfer to clear.  I have to wait 2-3 days for my direct deposit paycheck to clear.  Same with credit cards.  Gas I bought 2 days ago is still "pending" at the hold rate.  That's a 100USD hold for a 40USD tank of gas.

You can buy with USD.  No need to convert to BTC first.

I agree with both - one leads to the other.  I think only a critical failure of BTC will stop the ASICs from coming out.


What demand are you speaking of specifically?  The demand for ASICs miners?  The public's demand for BTC?  All of the above?   

Awesome!  I haven't seen these.  Thanks. 

Should I be using something like http://www.extreme.outervision.com/psucalculatorlite.jsp to determine wattage?